Lecap Asset Management Ltd. Purchases Shares of 8,288 Regency Centers Corporation (NASDAQ:REG)

Lecap Asset Management Ltd. purchased a new stake in Regency Centers Corporation (NASDAQ:REG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,288 shares of the company's stock, valued at approximately $611,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers during the fourth quarter worth about $26,000. National Pension Service acquired a new stake in shares of Regency Centers during the fourth quarter worth about $27,000. TD Waterhouse Canada Inc. increased its position in shares of Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 487 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Regency Centers during the first quarter worth about $38,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Regency Centers during the fourth quarter worth about $39,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the sale, the insider now owns 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Regency Centers Price Performance

Shares of REG opened at $70.54 on Friday. Regency Centers Corporation has a twelve month low of $61.21 and a twelve month high of $78.18. The stock's 50 day moving average is $71.80 and its two-hundred day moving average is $72.28. The firm has a market capitalization of $12.81 billion, a PE ratio of 33.27, a P/E/G ratio of 3.41 and a beta of 1.01. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. The company had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. During the same quarter in the previous year, the company earned $1.08 EPS. Research analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Analyst Ratings Changes

Several brokerages recently issued reports on REG. Wells Fargo & Company dropped their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Truist Financial boosted their price target on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, Scotiabank dropped their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of "Moderate Buy" and an average price target of $78.08.

About Regency Centers

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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